Commsworld Ltd consolidated its position as a leading UK telecoms services provider as it reported another 12 months of robust performance during 2024.
The Edinburgh-headquartered company’s total turnover increased from £36.5m in 2023 to £36.9m. Pre-tax profit rose from £4.6m to £4.7m, while earnings before interest, taxes, depreciation and amortization (EBITDA) reached £7m, up from £6.6m the year before.
The figures were broadly in line with the Commsworld Board’s expectations as the company continued to win big contracts and deliver connectivity to a diverse customer base from both the public and private sector.
Among them was the securing of a new contract worth more than £35m over five years – one of the largest in Commsworld’s history – to provide network services to Glasgow City Council that continued to transform the city’s infrastructure from ageing legacy networks to cutting-edge technologies and 5G network capabilities.
Commsworld also completed the construction of Northumberland County Council’s core network build, replacing its WAN and laying 262km of new full-fibre infrastructure, meaning employees in 150 council sites are connected to far superior network infrastructure, while around 115 Northumberland schools also have access to faster speeds, bandwidth and resilience.
Another highlight was transforming the connectivity to 42 schools in and around Dundee as part of a £2.6m contract over 10 years with Dundee City Council. Commsworld planned, designed, migrated and managed a new, future-proofed fibre network service underpinned by a robust security solution to boost digital education provision for pupils across the city.
Steve Langmead, Chief Executive, said Commsworld Ltd’s fixed assets had also risen by more than £5m to £22.3m, up from £17.1m last year, and that a secure future lay ahead thanks to the strong foundations laid by the company’s Board and hard-working staff.
He said: “Commsworld Ltd’s results show that the company is in very good health, and we are continuing to grow. Pre-tax profits and turnover have risen compared to 2023, showing that Commsworld has managed to absorb the impact of inflation on our business.
“That is because we continue to focus on Commsworld’s strengths – delivering high-quality, flexible, robust and resilient services to our customers – while also achieving financial stability through our bigger, longer-term contracts with local authorities across the UK.
“Future challenges include helping businesses and organisations through the Public Switched Telephone Network shutdown, ensuring the withdrawal is managed in the best possible way to guarantee a smooth transition and minimal disruption.
“But our primary aim as a company is to continue to grow and evolve, win more big contracts and set the standard through our Optical Core Network so we can grow throughout the whole of the UK, especially in remote areas of the country desperately in need of better connectivity.”
